Post Utme Babcock University 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's elasticity of demand is given by E_d = -2. If the firm's price is increased by 10%, what is the percentage change in quantity demanded?

Answer Options

Correct Answer A. -20%
B. -10%
C. 0%
D. 10%
Correct Answer
A
Correct Option:
-20%

About This Question

This is Post Utme Babcock University 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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